LONDON (Reuters) - An investment boutique specialising in property derivatives products is launching a UK Residential Index Fund -- the first of its kind.

Alpha Beta Fund Management (ABFM) said on Monday it wanted to give pension funds and other investors access to British housing by tapping an over-the-counter market which tracked the Halifax House Price Index (HHPI) and which traded alongside Britain's fast-growing commercial property derivatives market.

"We are the first to launch a residential derivatives fund based on the HHPI which is a conservative market tracking product that can be leveraged, or non-leveraged, according to investor requirements," ABFM founding partner Robert Page said in a statement.

specialising in property derivatives products is launching a UK Residential Index Fund -- the first of its kind.

Alpha Beta Fund Management (ABFM) said on Monday it wanted to give pension funds and other investors access to British housing by tapping an over-the-counter market which tracked the Halifax House Price Index (HHPI) and which traded alongside Britain's fast-growing commercial property derivatives market.

"We are the first to launch a residential derivatives fund based on the HHPI which is a conservative market tracking product that can be leveraged, or non-leveraged, according to investor requirements," ABFM founding partner Robert Page said in a statement.

10 years too late to buy into this pyramid.

Agreed 10 years to late , this is more proof the games up , at the height of the tech boom there were loads of Technology funds and pathetic share clubs starting up it was all the rage , people deserted real fundamentals and fell for it all then , now most funds have blown up and the share clubs long forgotten ..........Hilarious , i always like the way they use the word " boutique " FFS

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I like the way some of you members turn something serious into something so funny. I really didn't expect the pig with lipstick comment, let alone the picture. I'm still laughing now. Good to get a laugh.

LONDON (Reuters) - An investment boutique specialising in property derivatives products is launching a UK Residential Index Fund -- the first of its kind.

Alpha Beta Fund Management (ABFM) said on Monday it wanted to give pension funds and other investors access to British housing by tapping an over-the-counter market which tracked the Halifax House Price Index (HHPI) and which traded alongside Britain's fast-growing commercial property derivatives market.

"We are the first to launch a residential derivatives fund based on the HHPI which is a conservative market tracking product that can be leveraged, or non-leveraged, according to investor requirements," ABFM founding partner Robert Page said in a statement.

10 years too late to buy into this pyramid.

.....the problem is there are probably enough fools out there to get them of the ground......

“Now get some lipstick on this pig and sell it hard to the little people!”

“By close of play on Friday I want this thing away. I want SHITE to become...........‘Bankers Extract Equity Now – Did Obviate Needless Exposure’ or BEEN DONE!

Well some ones gona be! The first guy to close out on one hundred million gets a new Ferrari Modena, the last one to close a deal… well they get their head flushed down the toilet, their trousers removed and a ripe banana stuck down the back of their shreddies, before running round the compliance floor shouting ‘Please give me a numb nuts admin job because I can’t fu$$ing sell’! Now get too it ladies!”